WASHINGTON, Jan. 29 (Xinhua) -- With the U.S. economy improving, the Federal Reserve announced on Wednesday that it will further reduce its bond purchases by 10 billion U.S. dollars starting February. Full story

WASHINGTON, Jan. 6 (Xinhua)-- U.S. Senate on Monday confirmed Janet Yellen as the next head of the Federal Reserve, to replace the outgoing Fed chairman Ben Bernanke whose term ends at the end of this month.

The Senate voted 56-26 to approve the confirmation, with 11 Republicans joining Democrats in voting for Yellen. Full story